Toyota Motor Corp.

Ticker: 7203
Meeting date: 14/06/2023
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1.1 Elect Director Toyoda, Akio For For
1.2 Elect Director Hayakawa, Shigeru For For
1.3 Elect Director Sato, Koji For For
1.4 Elect Director Nakajima,Hiroki For For
1.5 Elect Director Miyazaki, Yoichi For For
1.6 Elect Director Simon Humphries For For
1.7 Elect Director Sugawara, Ikuro For For
1.8 Elect Director Sir Philip Craven For For
1.9 Elect Director Oshima, Masahiko Vote rationale: The board should guide company strategy and monitor management performance without conflicts of interest. A majority of shareholder-elected board members in a non-controlled company should be independent of management, dominant shareholders, and related third parties. In a majority-controlled company, at least a third of board members should be independent. Global Voting Guidelines Board independence For Against
1.10 Elect Director Osono, Emi For For
2.1 Appoint Statutory Auditor Ogura, Katsuyuki For For
2.2 Appoint Statutory Auditor Shirane, Takeshi For For
2.3 Appoint Statutory Auditor Sakai, Ryuji For For
2.4 Appoint Statutory Auditor Catherine OConnell For For
3 Appoint Alternate Statutory Auditor Kikuchi, Maoko For For
Shareholder proposals
4 Amend Articles to Report on Corporate Climate Lobbying Aligned with Paris Agreement Against Against

Disclaimer

This page contains certain information as to the voting intentions of Norges Bank in its role as manager of the Government Pension Fund Global. This disclosure is provided to promote transparency as to Norges Bank’s engagement with investee companies, and in view of its approach to responsible investing. Norges Bank’s voting intention is an internal decision and has not been agreed with any third party. Please note the following:

  • This disclosure is provided for information purposes only. It does not constitute advice and should not be taken as a recommendation or an instruction on any matter, including whether any relevant third party should buy, sell or retain shares, or how any third party should exercise any voting rights they may have. Any person who wishes to obtain advice should seek this from a professional adviser. This disclosure is not a proxy solicitation and is not intended to influence the vote of other shareholders.
  • No reliance should be placed on this information or its accuracy, and Norges Bank accepts no responsibility or liability for any action taken or not taken on the basis of this information. Any relevant third party should form their own views based on their own analysis of the relevant facts and circumstances.
  • To be clear, Norges Bank has no duty of care in respect of any third party who decides to view this disclosure, which shall be done entirely at their own risk.
  • Any information in this disclosure is subject to change without notice. In particular, be aware that Norges Bank’s intentions and the holdings of the Government Pension Fund Global may change over time and, to the extent permitted by applicable law, Norges Bank disclaims any responsibility to update this information as a result of such changes or for any other reason.
  • Securities lending or other activity may mean that the votes cast by Norges Bank are significantly different than its economic or published holding of shares, or significantly different from its holding at the date of this disclosure. No assumption should be made or reliance placed on the number of votes that will be cast.
  • Norges Bank is not subject to any prohibition on securities lending, trading or other activity as a result of this disclosure at any point prior to or after the publication of this disclosure.
Go back to search page